Satoshi Energy Corp - Company Research Report

Company Overview

Name

Satoshi Energy Corp.

Mission of the Company

Leverage the power of bitcoin to sell energy anytime and anywhere. The mission is to enable every electric power company to use bitcoin by block 1,050,000.

Founding Information

Founded: No information is available.

Founder(s): No information is available.

Key People

Andrew Myers - Chief Executive Officer

Brock Petersen - Chief Operating Officer

Chris Gifford - Chief Data Scientist

Gunar Gessner - Chief Product Officer

Bob Bonner - Vice President of Development

Scott Leishman - Vice President of Engineering

Alia Wallenstrom - Development Manager

Connor Beatson - Sales Account Manager

Bob McElrath - Advisor

Headquarters

Location: Houston, Texas, United States

Number of Employees

Between 2-10 employees

Revenue

No information is available.

Known For

Satoshi Energy is known for leveraging bitcoin technology to facilitate energy transactions and develop behind-the-meter data centers.

Products

Market Insights EXPERT

Description: A full-service behind-the-meter data center development solution that enables construction-ready sites.

Key Features:

Plug and play power contracts supported by high fidelity modeling.

No brainer contract terms with leading bitcoin mining companies.

Credit Management PILOT

Description: A solution to reduce deal friction from credit requirements by using bitcoin as collateral.

Key Features:

Protect against third-party operational risks with secure multi-party collateral controls.

Preserve collateral in an asset that holds value long term.

Real Time Settlement PILOT

Description: A settlement system designed to minimize accounts receivable risk with instant settlement.

Key Features:

Custom, programmable payment plans for increased customer satisfaction.

Reduced payment processing fees and costly collection processes.

Projects

Satoshi Energy leads in behind-the-meter data center development with nearly 2 gigawatts under development. The following projects are part of their portfolio:

Stargazer

Capacity: 140 MW

Commercial Operation Date (COD): Q3 2022

Status: Operating

ISO: ERCOT

Orange Roughy

Capacity: 122 MW

COD: Q4 2024

Status: Construction

ISO: ERCOT

Hammerhead

Capacity: 206 MW

COD: Q4 2024

Status: Construction

ISO: ERCOT

Triggerfish

Capacity: 150 MW

COD: Q2 2025

Status: Development

ISO: ERCOT

American Plaice

Capacity: 200 MW

COD: Q2 2025

Status: Development

ISO: ERCOT

Seahorse

Capacity: 200 MW

COD: Q2 2025

Status: Development

ISO: ERCOT

Pearlfish

Capacity: 300 MW

COD: Q3 2025

Status: Development

ISO: ERCOT

Greeneye

Capacity: 140 MW

COD: Q3 2025

Status: Development

ISO: ERCOT

Recent Developments

Commercial Agreements & Development

January 2022: Closed a seed round raising 60 BTC (~$3M equivalent) for powering bitcoin with renewable energy.

November 2023: Insightful article on what energy executives need to know about Bitcoin, elaborating on the use of bitcoin as a form of global money powered by electrical energy.

July 15, 2024: Announcement of two groundbreaking commercial agreements to co-locate flexible data center loads directly, bringing Satoshi Energy's total to 467 MW contracted under definitive agreements.

New Hires: Kris Sherman and Scott Leishman joined the team, bringing significant experience in banking, sales, risk management, software, and AI modeling.

Contact Information

For more information, refer to [Satoshi Energy's website](https://www.satoshienergy.com).

_No extraneous commentary provided as per instructions._